GE Vernova T&D India, Hitachi Energy India, CG Power to benefit from GEC-III: Nomura

GE Aerospace agreed to acquire Consolidated Precision Products (CPP) for $11.75 billion to secure airfoil supply and ease bottlenecks. CPP produces critical engine components, and the deal is valued at 18-26 times 2027 EBITDA. GE expects 30% demand growth by 2030. The acquisition faces regulatory hurdles and may close in late 2027. CPP's CEO welcomed the partnership.

GE Vernova (GEV) has received a permit from the U.S. Nuclear Regulatory Commission for a new reactor design. The company's progress in securing regulatory approvals may impact its long-term earnings and risk management, according to Simply Wall St.

The Tennessee Valley Authority (TVA) received the first U.S. permit to build a 300-MW GE Vernova Hitachi BWRX-300 small modular reactor in Tennessee. The Nuclear Regulatory Commission approved the permit in 14 months, allowing TVA to start construction. The reactor uses advanced boiling-water technology and passive safety systems. TVA is negotiating cost-sharing agreements with commercial partners. GE Vernova shares rose 1% following the announcement.

Several companies received defense contracts: University of Dayton Research Institute ($85M), Joby Aviation ($45M), Butt Construction ($17.7M), Collins Aerospace ($10.4M), and GE Aerospace ($16.9M). Contracts involve research, logistics, construction, and repairs for military aircraft.

GE Vernova (GEV) shares fell 1% to $953 as data centers opt for faster, smaller turbines. The company reported $5B in data-center orders for H1, exceeding 2025 targets. However, smaller turbines may have 50% higher capital costs per unit of electricity, raising questions about long-term demand.

The Nuclear Regulatory Commission (NRC) issued the first US construction permit for the BWRX-300 SMR, a small modular reactor, to the Tennessee Valley Authority (TVA). The NRC completed its review in 14 months, four months ahead of schedule. TVA, a government-owned power company, is now permitted to construct the reactor and is negotiating with industry partners for cost-sharing.